Summary: BofA Securities analyst reiterated a Buy rating on Starbucks Corp shares with a price target of $108.00, attributing a recent sales growth collapse to boycott calls over Middle-East tensions and suggesting ample room to increase purchase frequency among its customer base.
Full articleSummary: Senate Majority Leader Chuck Schumer is calling for federal regulators to halt Chevron's $53 billion acquisition of Hess Corp, citing concerns of higher gas prices and lack of competition. Democrats claim that such mergers in the oil sector result in consumer harm.
Full articleSummary: Microsoft is planning to spend €4 billion on data center infrastructure in France, with a new data center to be built near Mulhouse and existing sites in Paris and Marseille to be expanded. The company will buy renewable energy via power purchase agreements in the country for the first time. The announcement was made at the Choose France investment summit by Microsoft president Brad Smith, aiming to support digital innovation and economic growth in France. By the end of 2025, Microsoft will have 25,000 GPUs for AI workloads available in France. Meanwhile, Amazon is also planning to invest €1.2 billion in France to develop its AWS cloud offering and create jobs.
Full articleSummary: Meta Platforms is exploring the development of AI-powered earphones with cameras under a project named 'Camerabuds'. The device is expected to identify objects and translate foreign languages. Meta already announced AI-integrated Ray-Ban smart glasses in September last year.
Full articleSummary: Meta has introduced a new Travel Mode for Quest 2 and 3 headsets, allowing users to use the headset in passthrough on flights without windows drifting away. The feature is part of the experimental features and is aimed at enhancing user experience during travel.
Full articleSummary: Inflation in the U.S. economy has historical parallels to the 1970s and early 1980s, with the current inflation rate at 5% for about 20 months compared to a peak of 9%. Monetary policy, particularly interest rate adjustments by the Federal Reserve, is the primary tool to combat inflation. Consumers' belief in the Fed's credibility affects their behavior towards inflation.
Full articleSummary: U.S. equities were mixed amid consumer inflation expectations, meme stocks surged due to Roaring Kitty's return, Uber and Lyft shares declined as trial began over worker misrepresentation.
Full articleSummary: Google's annual I/O conference is expected to focus on updates to AI projects with announcements on new features in Android, potential new AI assistant, and possible sneak peeks of Pixel 9 or a new foldable phone. The event will be live-streamed and fans can expect to hear about Google's future AI developments, software updates including Android 15, and potential details on Gemini, Google's AI chatbot.
Full articleSummary: CrowdStrike has partnered with Google Cloud to enhance Mandiant’s Incident Response and Managed Detected Response services for Google Cloud customers. CrowdStrike and Google Cloud have announced an extended partnership at the 2024 San Francisco RSA Conference focused on cybersecurity. In CrowdStrike’s 2024 global threat report, the company found that cloud breaches had increased 75% in the last 12 months.
Full articleSummary: Ford reported a net income of $1.3 billion in Q1 of 2024, with Ford EVs showing struggling performance despite an 86% increase in sales. The Model e division lost as much as the company gained overall, with Ford losing $100,000 on each EV sold.
Full articleSummary: Alphabet is highlighted for its growing Return on Capital Employed (ROCE) trend, showcasing a 29% return which exceeds the industry average. The company has also shown an increase in capital employed by 57% in the last five years, reflecting its ability to reinvest capital profitably.
Full articleSummary: QatarEnergy and ExxonMobil have signed a framework agreement to acquire two offshore exploration sites off Egypt's coast, expanding QatarEnergy's presence in the country and furthering their exploration program. The agreement is subject to approval by the Egyptian Government.
Full articleSummary: Nike has signed a 20-year lease agreement with developer GLP for a new state-of-the-art UK logistics campus and national supply chain hub at Magna Park Corby.
Full articleSummary: Danaher (NYSE:DHR) has outperformed the market over the past 10 years by 6.79% on an annualized basis producing an average annual return of 17.56%. Currently, Danaher has a market capitalization of $187.59 billion.
Full articleSummary: Analysts from Bank of America Securities and Oppenheimer's recommend a Buy rating on Crispr Therapeutics AG. Stifel Nicolaus maintained a Hold rating on the stock. The company reported a significant increase in quarterly revenue and net profit compared to the previous year.
Full articleSummary: The FTC's strict stance on US oil mergers, exemplified by its demands related to the $64.5bn ExxonMobil-Pioneer merger, reflects a tougher regulatory environment under Lina Khan's leadership. The agency's scrutiny includes requests for extensive information and concessions, highlighting concerns over collusion and antitrust issues in an election year.
Full articleSummary: Consumer sentiment index falls to lowest in six months, indicating declining interest in spending due to inflation concerns and weakening consumer resilience.
Full articleSummary: Media Monitors data from May 6 to May 12 shows strong performance for brands like Bank of America and The Home Depot on radio advertising.
Full articleSummary: Tesla settles lawsuit with a former factory employee who alleged firing for complaining about severe sexual harassment, as the company is facing multiple cases of workplace discrimination.
Full articleSummary: Citigroup reported weak third-quarter results, missing analyst estimates for earnings per share and revenues. Revenues fell 13% from the previous quarter, mainly due to a decline in trading and investment bank activities.
Full articleSummary: FedEx has been providing essential support to International Medical Corps, including warehousing field hospitals and assisting in deployment processes. Their dedicated support has enabled the rapid deployment of fully equipped field hospitals to crisis zones.
Full articleSummary: Healthcare giants Pfizer Inc and AstraZeneca Plc make substantial investments in France, totaling around $1 billion, alongside Morgan Stanley's plans to create 100 new positions in Paris and significant investments by Sanofi SA to enhance bioproduction capacity in various locations.
Full articleSummary: ConocoPhillips receives a price target increase from Mizuho, with a potential upside of 16.69%. Various analysts have given different ratings and price targets for COP stock.
Full articleSummary: Target is reiterating its support of the LGBTQIA+ community with a specialized assortment aimed at adult consumers and available only in select stores and online, following disruptions and backlash from last year's Pride Month merchandising.
Full articleSummary: Google accidentally erased the private Google Cloud account of a $125 billion Australian pension fund, UniSuper, affecting more than half a million fund members.
Full articleSummary: Despite negative buzz surrounding the company, Tesla owners continue to have a positive perception of the brand. Various negative news stories have surfaced about Tesla in a short span of time, impacting its overall sentiment in the market.
Full articleSummary: Intel Corp. appoints Marvell Technology Inc. executive Kevin O'Buckley as head of its foundry division, succeeding Stu Pann who is retiring. Intel is aiming to attract large customers for its foundry business and improve its production capabilities.
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